Raycom Closes On Drewry TV-Radio Buy

The station group paid $160 million for the collection of TV and radio stations in Texas and Oklahoma. “This is a group of market leaders; each with a strong presence not only on the broadcast side of the business but also in digital and Spanish-language platforms,” says Raycom CEO Paul McTear.

FCC OKs Drewry Sale To Raycom Media

The FCC has approved the sale of six Texas stations in a deal that will quadruple the number of stations Raycom Media has in Texas. The $160 million purchase will likely be completed Dec. 1.

Raycom Buying Drewry For $160 Million

The deal comprises six stations in Texas in Waco (KXXV), Amarillo (KFDA-KEYU), Odessa-Midland (KWAB-KWES) and Wichita Falls (KSWO), plus a second station in Wichita Falls (KAUZ)  that Raycom is buying from Hoak Media and then spinning off to American Spirit, which will enter into a shared services agreement with Raycom, under which KSWO will provide news, production services, administrative support and equipment and building space to KAUZ.

Drewry Selects JVC ProHD Camcorders

NAB 2011

Drewry Doing HD With JVC Cameras

The Oklahoma-based group owner is rolling out local HD newscasts with the help of JVC’s GY-HM790U and GY-HM700U camcorders.